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Customer Churn: You May Be Losing More than You Think

VOZIQ

According to a case study published by The Wharton School of the University of Pennsylvania in 2013, referrals from existing customers generated higher profit margins, were more loyal to the business and showed more spending. Thus , t his is another lost revenue opportunity with a customer gone. .

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CEMs vs. CRMs (And Why You Need Both)

PeopleMetrics

Typically leveraged by Sales & Marketing teams, CRMs help to centralize the management of leads and improve customer relationships with ultimate objective of driving customer retention and sales growth. Talk to David. P.S. What did you think of this blog post?

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The Economics of Customer Churn

VOZIQ

Happy customers would want to refer the brand to their contacts as they trust it already and the trust is built over time. According to a 2013 study by The Wharton School of the University of Pennsylvania, referrals from existing customers tend to spend more, generate higher margins, and stay with the company longer.

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3 Things Great Companies Do for Customers

Beyond Philosophy

The words hassle and confusing are never good when associated with your Customer Experience. A famous story from a few years back tells the tale of a young woman concerned about her dad not having any food when he was snowed in during a Pennsylvania snowstorm around the holidays.

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SaaS Companies: Implement a Product NPS Program in 5 Simple Steps

PeopleMetrics

Your customers who bought your product and solution did so for a reason – because they believed it would add business value to their organization. Your customers who actually use your product and solution every day can help to prove (or disprove) that business value. the question of NPS for your company:?

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The 5 Rules for Designing a Great Digital Experience

Beyond Philosophy

We know from a former guest on our podcast, Shiri Melumad, assistant professor of marketing at the Wharton School, University of Pennsylvania that she has data that shows people respond differently on mobile phones than they do on their computers , albeit subtle differences.

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5 Simple Ways to Conquer “Closed Loop” Feedback

Qualtrics

Depending on your business or how and where your customers share feedback, it may be more appropriate to close the loop at or near where they provided feedback in the first place. Don’t underestimate the power of a one-on-one conversation with a customer as a follow-up to feedback. Have a conversation.